This week Lisa is joined by Curtis Martin.
Their conversation revolved around the effects of COVID-19 on small businesses and employees.
- Unemployment benefits – each state has different guidelines for eligibility.
- Coronavirus Aid Relief and Act Economic Security( CARES) Act – an additional 13 weeks of benefits on top of the state benefits you already have. Application processes should be initiated by employers. It also covers partial unemployment for cut hours.
- For terminated employees who received hardship pay there's a strong possibility, you would still be entitled to unemployment benefits.
- 3 categories of employees entitled for benefits – furlough, laid off and terminated.
- If you quit your job you might not be able to receive unemployment benefits. However, it's still case by case.
- If your application has been denied you can still appeal within 15 days after you received the denial letter.
- Pandemic Unemployment Assistance – small businesses and self-employed individuals. Small businesses are those who have 250-1500 employees but it still depends on the business industry.
OTHER LOANS YOU CAN APPLY TO
- Disaster Loans – always been available for calamities.
- SPA Economic Injury Disaster Loan - Emergency grant of $10,000
- EIDL Loan Advance – $10,000 economic relief. For a small business with less than 5 employees including sole proprietorships, independent contractors and self-employed persons, private nonprofit organizations.
- SPA Express Bridge Loan- up to $25,000. Essentially available when you're awaiting feedback on SPA Economic Injury Disaster Loan or if you qualify on the Paycheck Protection Program.
- SPA Debt Relief Program – if you're a small business and you already received a small business loan predating on March 1, 2020. Allow you to defer payments.
GOING BACK TO WORK – there has to be some guidance. If you're being asked to go to work, employers can face lawsuits. If there's an individual who has tested positive for COVID-19, the employer has an obligation to notify those employees who had contact with the patient and require 2 weeks for quarantine before returning back to work. Employees should reach out to OSHA(Occupational Safety and Health Administration).
Website: www.curtisjmartinlaw.com
Telephone # : 404 948 4404
